TTDI crime rate drops by 40% on pilot policing programme
PETALING JAYA (Feb 26): The crime rate in Taman Tun Dr Ismail (TTDI) has fallen by 40%, 20 months after a new policing programme was introduced to the neighbourhood, reported The Star.
Damansara Realty posts profits after three straight years of losses
KUALA LUMPUR (Feb 13): The strategic restructuring plan in September 2016 has helped to bring Damansara Realty Bhd back to the black in the fourth quarter ended Dec 31, 2017 (4QFY17), after three consecutive years of losses.
Alrajhi family buys Wisma Mont Kiara for RM122m
PETALING JAYA (Feb 3): Saudi Arabia’s Alrajhi family has acquired the 16-storey Wisma Mont Kiara office building that is part of a larger integrated mixed-use development in the posh high-rise enclave for an estimated RM122 million from Singapore-based ARA Asset Management Ltd, reported The Edge weekly.
UOA REIT 4Q rental income falls 40% to RM8.98m
KUALA LUMPUR (Jan 25): UOA Real Estate Investment Trust's net rental income for the fourth quarter ended Dec 31, 2017 (4QFY17) fell 39.
AMMB ends JV with ARA Asset, inks deal with Amcorp Prop to manage REIT
KUALA LUMPUR (Jan 5): AMMB Holdings Bhd is terminating its joint venture with Singapore-based ARA Asset Management (Malaysia) Ltd, and is instead signing a new agreement with Amcorp Properties Bhd to manage its real estate investment trust.
ML Global bags RM78m contract
KUALA LUMPUR (Dec 8): ML Global Bhd, whose share price recently hit a seven-year high of RM1.
Putrajaya mulls new law to streamline state water management
PETALING JAYA (Nov 28): The federal government plans to enact a new law to streamline the management of water in each state next year, said Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar.
E&O now wholly owns concession to reclaim Seri Tanjung Pinang land in Penang
KUALA LUMPUR (Nov 27): Eastern & Oriental Bhd (E&O) has acquired the remaining 4.
Developers shall not hand over liabilities to JMB
PETALING JAYA (Nov 21): Property developers handing over their debts and liabilities mainly in the form of water and electricity arrears to joint management bodies (JMBs) will evidently jeopardise proper maintenance by the JMBs, said the Malaysian Institute of Professional Property Managers (MIPPM).
MBAM had hoped for lower import duties on machinery and IBS incentives in Budget 2018
PETALING JAYA (Oct 27): Master Builders Association Malaysia (MBAM) was hoping for lower import duties for heavy construction machinery and more incentives in Budget 2018 to be disbursed to industry players who use Industrialised Building System (IBS) and Building Information Modelling (BIM), such as equipment tax reduction and tax incentives, it said in a post-budget statement today.
